Endurance Gold (TSXV:EDG) Momentum Rank : 2 (As of May. 22, 2024)

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What is Endurance Gold Momentum Rank?

Endurance Gold has the Momentum Rank of 2.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Endurance Gold's Momentum Rank

For the Gold subindustry, Endurance Gold's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Endurance Gold's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Endurance Gold's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Endurance Gold's Momentum Rank falls into.

Endurance Gold Momentum Rank Related Terms

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Endurance Gold (TSXV:EDG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Endurance Gold Corp (TSXV:EDG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ENDGF:USA 3EG:Germany

Address

1055 West Hastings Street, Suite 1900, Vancouver, BC, CAN, V6E 2E9

Website

https://www.endurancegold.com

Endurance Gold Corp is an operator of mineral properties intended for exploration and development company that focuses on the exploration and development of mineral properties in North America. The company focuses on gold discovery in a gold camp, with other important projects including the Elephant Mountain Gold Project and the Bandito Rare Earth Property and develops high-quality mineral projects that can generate returns, thereby enabling clients-centered expertise in mineral exploration and development, to identify and develop high-potential mineral projects that have the potential to generate significant value.

Executives

Robert T. Boyd

Director, Senior Officer

Endurance Gold (TSXV:EDG) Headlines

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